Financial regulators have issued warnings that a massive price crash involving Bitcoin and other popular virtual currencies (VC) would lead to financial ruin for many investors. The lucrative VC market is currently worth hundreds of billions of dollars but is notorious for its series of soaring peaks and troughs.
https://www.notebookcheck.net/Bitcoin-bubble-burst-threat-for-investors.282872.0.html
Pretty sure it burst like 20 times already, and will obviously burst again, then get re-inflated, and burst, and so on.... In the end will it survive? Don't know, but I do know crypto tech is here to stay. Ethereum looks like a much safer bet though to be honest, and is shaping up to be the backbone of the decentralized web.